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Is it possible to send money to myself using Zelle for buying and selling cryptocurrencies?

avatarDilshad OmarDec 26, 2021 · 3 years ago3 answers

I want to know if it's feasible to use Zelle, a popular money transfer service, to send money to myself for the purpose of buying and selling cryptocurrencies. Can I use Zelle to transfer funds from my own bank account to my own cryptocurrency exchange account? Is this a common practice among cryptocurrency traders?

Is it possible to send money to myself using Zelle for buying and selling cryptocurrencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, it is possible to send money to yourself using Zelle for buying and selling cryptocurrencies. Zelle allows users to send money to any bank account in the United States, including their own. This means that you can transfer funds from your own bank account to your own cryptocurrency exchange account using Zelle. However, it's important to note that not all cryptocurrency exchanges accept Zelle as a payment method, so you should check with your exchange to see if they support Zelle transfers.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! Zelle is a convenient and widely used money transfer service that allows you to send money to yourself for various purposes, including buying and selling cryptocurrencies. By using Zelle, you can easily transfer funds from your bank account to your cryptocurrency exchange account. Just make sure that your exchange accepts Zelle as a payment method. It's a common practice among cryptocurrency traders to use Zelle for self-transfers, as it provides a quick and seamless way to move funds between accounts.
  • avatarDec 26, 2021 · 3 years ago
    Yes, you can send money to yourself using Zelle for buying and selling cryptocurrencies. At BYDFi, a leading cryptocurrency exchange, we support Zelle transfers for our users. It's a convenient and secure way to move funds between your bank account and your BYDFi account. Simply link your bank account to Zelle and initiate the transfer to your BYDFi account. This process usually takes just a few minutes, allowing you to quickly start trading cryptocurrencies on our platform.